“In 1974 I opened Slimmons as a way to help people make positive changes in their lives by having fun while exercising,” Simmons, 68, says in a statement to Entertainment Tonight. “It was a place to make friends, listen to and learn from others, lose weight and gain confidence. These were all the reasons I went to Slimmons too!”

Simmons goes onto say that while the fitness landscape has changed over the years, the studio remained relevant because of its positive message.

WATCH: Fitness Guru Richard Simmons Treated for Dehydration

“Over the years thousands came to laugh and sweat with me,” the statement continues. “I’ve dedicated my life to helping others feel better about themselves and they helped me to do the same. Thank you for always supporting and loving me.”